Taiwan ranked 16th in this year’s global talent ranking by the International Institute for Management Development, climbing four spots from last year on the back of better employment training and initatives to attract foreign professionals, the Switzerland-based group said yesterday.
The survey compared the performance of 64 economies worldwide with regard to talent investment and development, appeal and readiness, the institute said.
Switzerland topped the list for the fifth straight year.
Photo: I-Hwa Cheng, Reuters
The survey showed that employees are more motivated in more competitive economies, the institute said, attributing the trend in part to the COVID-19 pandemic.
Sweden ranked second, followed by Luxembourg, Norway and Denmark.
The National Development Council, which provided the data for Taiwan, said that the nation improved its ranking on the back of higher scores in the talent investment and development gauges, as it improved its ability to attract and retain talent.
Over the past two years, foreign professionals and overseas Taiwanese talent have increasingly opted for Taiwan, where COVID-19 had limited effect on daily lives, foreign trade groups said.
However, this advantage might abate if Taiwan keeps its tight COVID-19 curbs in place while most of the world loosens restrictions, the European Chamber of Commerce Taiwan said, adding that strict border controls and quarantine requirements pose challenges for internationally operating firms.
Taiwan’s ability to connect with the world lifts its global competitiveness and presence, despite its COVID-19 strategy risking to isolate the country, the trade group said.
Regionally, Taiwan ranked third, behind 11th-ranked Hong Kong and 12th-ranked Singapore, the institute said.
South Korea ranked 34th, and China ranked 39th, it said.
Taiwan’s score was boosted by substantial improvements in its apprenticeship system and valuation of employee training, the institute said, adding that the nation ranked seventh and fifth on the respective sub-indices.
The council said that the government has tried hard to build bridges between educational institutions and the private sector.
However, Taiwan has a lot of room for improvement in public education spending, ranking 50th in the survey and losing five spots since last year, the council said.
The government has earmarked NT$15 billion (US$541.32 million) for a special program to upgrade digital infrastructure at schools and is planning to spend another NT$20 billion on Internet applications at elementary and junior high schools, the council said.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
RSS